The latest tower to go up in the long-in-the-works Pacific Park (Atlantic Yards) mega-development is a market rate one on the corner of Pacific and 6th Avenue in Prospect Heights, once known as B5. The developer, The Brodsky Organization, has applied for a tax break under the state’s 421-a program and as a result, the building has income-targeted, rent-stabilized units whose lottery launched last week. Interestingly, Brodsky is not calling them “affordable” but rather “middle income.”

The 421-a program is set at an Area Median Income of 130 percent — slightly more than the median income for the greater New York region. 

The building under construction last year. Photo by Craig Hubert The latest tower to go up in the long-in-the-works Pacific Park (Atlantic Yards) mega-development is a market rate one on the corner of Pacific and 6th Avenue in Prospect Heights, once known as B5. The developer, The Brodsky Organization, […]

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